The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE
OMB APPROVAL
OMB Number: 3235-0006
Estimated average burden
hours per response: 23.8
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
AIR METHODS COM 009128307 1,143 27,220 SH   SOLE   27,220 0 0
ALLEGION, PLC COM G0176J109 474 6,320 SH   SOLE   6,320 0 0
AMERCO COM 023586100 15,604 41,721 SH   SOLE   41,721 0 0
AMERIGAS PTRS. COM 030975106 744 16,000 SH   SOLE   16,000 0 0
ASTRONICS COM 046433108 663 21,384 SH   SOLE   21,384 0 0
BLACKHAWK COM 09238E104 1,808 45,199 SH   SOLE   45,199 0 0
CHASE CORP. COM 16150R104 14,790 157,342 SH   SOLE   157,342 0 0
CIRCOR INT'L COM 17273K109 620 10,512 SH   SOLE   10,512 0 0
CONOCOPHILLIPS COM 20825C104 4,437 90,561 SH   SOLE   90,561 0 0
COOPER TIRE COM 216831107 1,030 23,400 SH   SOLE   23,400 0 0
CORE MOLDINGS COM 218683100 1,721 98,370 SH   SOLE   98,370 0 0
CRANE CO. COM 224399105 2,039 27,550 SH   SOLE   27,550 0 0
DELTA APPAREL COM 247368103 11,898 699,856 SH   SOLE   699,856 0 0
DENNY'S CORP. COM 24869P104 1,104 92,000 SH   SOLE   92,000 0 0
DUCOMMUN INC COM 264147109 932 32,718 SH   SOLE   32,718 0 0
EASTMAN CHEM COM 277432100 3,424 42,800 SH   SOLE   42,800 0 0
EATON CORP COM G29183103 323 4,400 SH   SOLE   4,400 0 0
FERRO CORP. COM 315405100 3,388 228,946 SH   SOLE   228,946 0 0
GOODYEAR TIRE COM 382550101 15,752 440,607 SH   SOLE   440,607 0 0
HANESBRANDS COM 410345102 1,798 87,721 SH   SOLE   87,721 0 0
HARRIS CORP. COM 413875105 3,358 30,390 SH   SOLE   30,390 0 0
HERTZ RENT CAR COM 42806J106 267 15,710 SH   SOLE   15,710 0 0
HESS CORP. COM 42809H107 556 11,712 SH   SOLE   11,712 0 0
HORIZON GLOBAL COM 44052W104 163 12,080 SH   SOLE   12,080 0 0
HUNTSMAN CORP. COM 447011107 9,175 378,368 SH   SOLE   378,368 0 0
INGERSOLL RAND COM G47791101 1,637 20,330 SH   SOLE   20,330 0 0
INNODATA COM 457642205 156 89,125 SH   SOLE   89,125 0 0
KRATON PERFORM COM 50077C106 2,374 77,842 SH   SOLE   77,842 0 0
LCI INDUSTRIES COM 50189K103 4,523 45,687 SH   SOLE   45,687 0 0
MARATHON OIL COM 565849106 225 14,500 SH   SOLE   14,500 0 0
MARATHON PET. COM 56585A102 1,452 29,048 SH   SOLE   29,048 0 0
MONRO MUFFLER COM 610236101 252 5,036 SH   SOLE   5,036 0 0
NEFF CORP COM 640094207 9,064 477,040 SH   SOLE   477,040 0 0
NORTHERN TECH COM 665809109 893 55,840 SH   SOLE   55,840 0 0
OCCIDENTAL PETE COM 674599105 1,366 21,858 SH   SOLE   21,858 0 0
OIL STATES INTL COM 678026105 1,087 33,433 SH   SOLE   33,433 0 0
ORCHIDS PAPER COM 68572N104 206 8,771 SH   SOLE   8,771 0 0
OSHKOSH CORP COM 688239201 307 4,515 SH   SOLE   4,515 0 0
OWENS ILL INC COM 690768403 376 18,800 SH   SOLE   18,800 0 0
PERMA-FIX ENV. COM 714157203 94 34,221 SH   SOLE   34,221 0 0
PHILLIPS 66 COM 718546104 3,208 40,861 SH   SOLE   40,861 0 0
PITNEY BOWES COM 724479100 1,411 110,684 SH   SOLE   110,684 0 0
Q.E.P. CO.,INC COM 74727K102 4,197 226,844 SH   SOLE   226,844 0 0
READING INT'L COM 755408101 943 61,842 SH   SOLE   61,842 0 0
SENSIENT TECH COM 81725T100 534 6,800 SH   SOLE   6,800 0 0
SPARTAN MOTORS COM 846819100 269 34,696 SH   SOLE   34,696 0 0
STANDEX INTL CP COM 854231107 11,093 111,489 SH   SOLE   111,489 0 0
STEPAN CHEMICAL COM 858586100 820 10,513 SH   SOLE   10,513 0 0
SUPERVALU COM 868536103 5,007 1,335,228 SH   SOLE   1,335,228 0 0
SUPREME IND COM 868607102 10,410 527,099 SH   SOLE   527,099 0 0
TOTAL SA COM 89151E109 880 17,610 SH   SOLE   17,610 0 0
TRIMAS CORP. COM 896215209 339 16,950 SH   SOLE   16,950 0 0
UNIVERSAL FOREST COM 913543104 289 2,969 SH   SOLE   2,969 0 0
VAALCO ENERGY COM 91851C201 1,187 1,396,663 SH   SOLE   1,396,663 0 0
VSE CORP. COM 918284100 493 12,328 SH   SOLE   12,328 0 0
WATTS WATER COM 942749102 2,541 41,317 SH   SOLE   41,317 0 0
XERIUM TECH COM 98416J118 1,034 172,411 SH   SOLE   172,411 0 0
LIFE STORAGE COM 53223X107 308 3,800 SH   SOLE   3,800 0 0
AIR INDUSTRIES COM 00912N205 74 22,672 SH   SOLE   22,672 0 0
MANITEX INT'L COM 563420108 96 14,800 SH   SOLE   14,800 0 0
UNIVERSAL SEC COM 913821302 87 31,561 SH   SOLE   31,561 0 0
ZUNICOM INC COM COM 98981X104 28 355,953 SH   SOLE   355,953 0 0